Table 6 Smallpox, Boston 1752. Decision: inoculate or not (contd).
Expected value of leaving town = (probability of living) | Expected value of inoculation (probability of living) | |
---|---|---|
(y)(0.903)(1) + (y)(0.097)(0) + (1−y)(1) | = | 0.986 |
(y)(0.903) + 1 − (y) | = | 0.986 |
y | = | 0.144 |